Amid slowing sales, HUL caps employee costs

Recent news reports suggest that FMCG giant - Hindustan Unilever (HUL) is looking to trim its work force by as much as 10-15% in its bid to achieve cost rationalisation. 

Indian FMCG companies have been facing trying times amid intensifying competition from both incumbents as well as new peers such as Patanjali, and slowing consumption demand in both urban and rural markets. 

This in turn has had a bearing on their volume growth. As most companies are focusing on reviving volumes, they are also looking to make their cost structure more efficient. In this backdrop, a look at the employee costs